STATEMENT from America's Credit Unions on first quarter GDP

"GDP fell shy of expectations in the first quarter, registering the slowest pace of growth in nearly two years. However, key components like consumption and business fixed investment remained strong, while volatile elements such as inventory growth and net exports accounted for the undershoot. This suggests that the economy remains on stable footing, and that the Federal Reserve can afford to wait for inflation to slow before cutting interest rates. Credit unions are a net positive for the economy, generating over $200 billion in economic activity annually."
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​-- America's Credit Unions Deputy Chief Economist Curt Long

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